{"id":777004223,"date":"2023-04-12T12:57:58","date_gmt":"2023-04-12T15:57:58","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777004223"},"modified":"2026-04-22T22:56:39","modified_gmt":"2026-04-23T01:56:39","slug":"delta-corp-posts-net-profit-of-us6-24m-for-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/delta-corp-posts-net-profit-of-us6-24m-for-q1","title":{"rendered":"Delta Corp posts net profit of US$6.24m for Q1"},"content":{"rendered":"\n<p>The company&#8217;s net profit for the quarter ended March 31 was up 6 per cent year-on-year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>India.-<strong>&nbsp;<\/strong>Delta Corp<strong>&nbsp;<\/strong>has shared its financial results for the first quarter of the year. It&#8217;s posted a net profit of Rs251 crore (US$6.24m), up 6 per cent year-on-year but down 40 per cent&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/delta-corp-posts-gaming-revenue-of-us33-3m-in-q4\" target=\"_blank\">when compared to the previous quarter<\/a>.<\/p>\n\n\n\n<p>Revenue from operations was up 4 per cent year-on-year to Rs 227 crore but down 17 per cent on quarter-on-quarter terms. Expenses increased to Rs 184 crore, up by 11 per cent from Rs 166 crore in the fourth quarter of 2022.<\/p>\n\n\n\n<p>Gaming revenue increased to <strong>Rs 214 crore <\/strong>in the January-March period as opposed to Rs 210 crore in the same period last year. Revenue from online skill-based gaming operations increased by 12 per cent to Rs 47 crore when compared to the previous quarter. Revenue from hospitality increased to Rs 16 versus Rs 12.38 crore in the previous quarter.<\/p>\n\n\n\n<p>Prior to the financial results announcement, Delta Corp shares declined by around 3 per cent on the NSE, closing at Rs 189 crores. The share price has fallen by nearly 13 per cent since the beginning of the year.&nbsp;<\/p>\n\n\n\n<p>Delta Corp was allowed to&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/india-casinos-in-goa-may-return-to-100-capacity\" rel=\"noreferrer noopener\">reopen its casino venue in Goa<\/a>&nbsp;on March 7, 2022, while its Sikkim casino reopened on February 11. The casino in Nepal returned to full capacity on February 28.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company&#8217;s net profit for the quarter ended March 31 was up 6 per cent year-on-year.<\/p>\n","protected":false},"author":176,"featured_media":17272,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Delta Corp reported a 6% year-on-year increase in net profit and a 4% rise in operational revenue for Q1, reaching Rs251 crore and Rs227 crore respectively, though both metrics experienced significant quarter-on-quarter declines. Gaming revenue saw a modest YoY increase, while online skill-based gaming revenue grew 12% QoQ. The company's shares have declined approximately 13% year-to-date.","focusai_entities":"Delta Corp, NSE","focusai_location":"India, Goa, Sikkim, Nepal","focusai_target_profile":"ceo_executive (0.95), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"QoQ Decline Analysis","query":"What specific factors contributed to the significant quarter-on-quarter declines in net profit and operational revenue, despite casino reopenings in the prior year?"},{"label":"Online Gaming Strategy","query":"How does Delta Corp plan to leverage the growth in online skill-based gaming to offset potential volatility in its land-based casino operations?"}],"footnotes":""},"categories":[163,16334],"tags":[23890],"class_list":["post-777004223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-asia-news","tag-delta-corp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777004223"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004223\/revisions"}],"predecessor-version":[{"id":777004248,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004223\/revisions\/777004248"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17272"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777004223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777004223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777004223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}